Thailand Stocks: Golden Land, Indorama Ventures, True Corp.

Shares of the following companies had
unusual moves in Thailand trading. Stock symbols are in
parentheses and prices are as of the 4:30 p.m. close in Bangkok.

The SET Index rose 18.15, or 1.9 percent, to 977.84. The
gauge dropped 2.7 percent in the previous three days.

Golden Land Property Development Pcl (GOLD TB), a property
developer, fell 3.9 percent to 3.46 baht, the steepest decline
since Jan. 24. Golden Land plans to sell as many as 504 million
shares to existing investors, the company said in a statement
today. Golden Land shareholders will be offered four new shares
for every five shares held at a price of 3 baht per share, the
company said.

Indorama Ventures Pcl (IVL TB), Thailand’s biggest maker of
chemicals for plastic bottles and polyester, jumped 8.2 percent
to 39.5 baht, the most since Dec. 22. Indorama Resources,
Indorama Ventures’ biggest shareholder, submitted a written
letter affirming its commitment to exercise its option for the
subscription of 346.6 million new shares, the company said in a
regulatory filing.

True Corp. (TRUE TB), which operates Thailand’s third-
biggest mobile-phone network, rose 3.2 percent to 6.45 baht,
halting a two-day, 9.4 percent slide. The company had its share-
price forecast raised to 7.90 baht from 5.50 baht at Kelive
Research, which cited its acquisition of a mobile-phone network
in Thailand.